Note 13 - Net Income (Loss) Per Share

9 Months Ended

Sep. 30, 2023

Notes to Financial Statements

Earnings Per Share [Text Block]

Note 13 — Net Income (Loss) Per Share

The following table (in thousands, except for income (loss) per share amounts) reconciles basic and diluted weighted average common shares outstanding for each of the three and nine months ended September 30, 2023 and 2022:

	Three Months Ended					Nine Months Ended
	September 30,					September 30,
	2023		2022			2023			2022
Weighted average common shares outstanding:
Basic		222,466		129,418			173,720			125,716
Dilutive unvested stock and Common Stock Warrants		3,870		—			—			—
Diluted		226,336		129,418			173,720			125,716
Net income (loss) per share attributable to common stockholders - basic	$	0.48	$	(0.19	)	$	(0.31	)	$	(0.47	)
Net income (loss) per share attributable to common stockholders - diluted	$	0.48	$	(0.19	)	$	(0.31	)	$	(0.47	)

Potentially dilutive securities not included in the diluted net income (loss) per share computations because their effect would have been anti-dilutive were as follows (in thousands):

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2023		2022		2023		2022
Unvested stock and stock units (1)		—		1,918		2,133		1,751
Convertible preferred stock (2)		—		47,707		—		45,653
Common Stock Warrants		—		1,240		1,456		1,388
Total potentially dilutive common shares		—		50,865		3,589		48,792

(1)	Includes the impact of unvested shares containing performance conditions to the extent that the underlying performance conditions are satisfied based on actual results as of the respective dates.
(2)	On July 26, 2023, the Convertible Preferred Stock was converted into 59,542,066 shares of common stock.